Mckissock Basic Appraisal Principles Study Guide Graded A+

mortgage note {Ans: A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt."}assignment {Ans: valuation service that is provided by an appraiser as a consequence of an agreement with a client}condo ownership {Ans: a form of fee ownership of separate units or portions of multi-unit buildings that provides for formal filing and recording of a divided interest in real property.}real estate {Ans: indentified parcel or tract of land, including improvements}contract on deed {Ans: contract in which a purchaser of real estate agrees to pay a small portion of the purchase price when the contract is signed and additional sums}1 mile {Ans: 8 furlongs}